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Investment app Raiz Invest has blasted the open banking regime and pushed for an overhaul of regulatory processes, saying the measures have stifled competition in favor of the major banks.
The Morrison government has indicated it will be probing the Consumer Data Right, looking over factors such as third parties being granted the ability to initiate payments.
Testing for the new open banking regime will not be completed by its original planned date of February, with the ACCC delaying the deadline for the big four to share consumer data to July.
Australian cyber security firms are set to grow substantially overseas, a new report has predicted.
New York-based data and information technology company Dataminr has entered the Australian and New Zealand markets, having opened its regional headquarters and operations centre in Melbourne.
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